Trading (SNX) With Integrated Risk Controls
February 02, 2024, 03:50 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SNX
- Buy SNX slightly over 95.71 target 101.95 stop loss @ 95.43 Details
The technical summary data tells us to buy SNX near 95.71 with an upside target of 101.95. This data also tells us to set a stop loss @ 95.43 to protect against excessive loss in case the stock begins to move against the trade. 95.71 is the first level of support below 100.98 , and by rule, any test of support is a buy signal. In this case, support 95.71 would be being tested, so a buy signal would exist.
- Short SNX slightly under 101.95, target 95.71, stop loss @ 102.24 Details
The technical summary data is suggesting a short of SNX as it gets near 101.95 with a downside target of 95.71. We should have a stop loss in place at 102.24though. 101.95 is the first level of resistance above 100.98, and by rule, any test of resistance is a short signal. In this case, if resistance 101.95 is being tested, so a short signal would exist.
Swing Trading Plans for SNX
- Buy SNX slightly over 101.95, target 103.42, Stop Loss @ 101.66 Details
If 101.95 begins to break higher, the technical summary data tells us to buy SNX just slightly over 101.95, with an upside target of 103.42. The data also tells us to set a stop loss @ 101.66 in case the stock turns against the trade. 101.95 is the first level of resistance above 100.98, and by rule, any break above resistance is a buy signal. In this case, 101.95, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SNX slightly near 101.95, target 99.3, Stop Loss @ 102.24. Details
The technical summary data is suggesting a short of SNX if it tests 101.95 with a downside target of 99.3. We should have a stop loss in place at 102.24 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 101.95, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for SNX
- Buy SNX slightly over 101.95, target 103.42, Stop Loss @ 101.71 Details
If 101.95 begins to break higher, the technical summary data tells us to buy SNX just slightly over 101.95, with an upside target of 103.42. The data also tells us to set a stop loss @ 101.71 in case the stock turns against the trade. 101.95 is the first level of resistance above 100.98, and by rule, any break above resistance is a buy signal. In this case, 101.95, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SNX slightly near 101.95, target 100.11, Stop Loss @ 102.19. Details
The technical summary data is suggesting a short of SNX if it tests 101.95 with a downside target of 100.11. We should have a stop loss in place at 102.19 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 101.95, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Td Synnex Corporation (SNX) available here: SNX.
SNX Ratings for February 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
95.71 |
| P2 |
97.67 |
99.3 |
101.95 |
| P3 |
100.11 |
103.42 |
107.82 |
AI Generated Signals for SNX
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for SNX:
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